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2008083050 Received: 12112/2008 1:08:19 PM
Recorded: 12/12/2008 01:27:43 PM Filed 8.
Recorded in Official Records of PAT O'BRIEN.
PULASKI COUNTY CIRCUIT /COUNTY CLERK
ORDINANCE NO. 20,060 Fees $20.00
AN ORDINANCE TO DISSOLVE LITTLE ROCK MUNICIPAL PROPERTY OWNERS'
MULTIPURPOSE IMPROVEMENT DISTRICT NO. 21 (BELLA ROSA PROJECT); AND
FOR OTHER PURPOSES.
WHEREAS, on November 1, 2004, by Ordinance No. 19,232 -A, the City of Little Rock Board of Directors
(the "City Board ") established and laid off Little Rock Municipal Property Owners' Multipurpose
Improvement District No. 21 (Bella Rosa Project) (the "District "); and
WHEREAS, since the District was established, the District has been inactive - no benefits have ever
been assessed, no special taxes have been levied, and no debt has ever been issued, and the District has no
assets or liabilities; and
WHEREAS, the District's Commissioners, Clint Wilson, Andrew Adkins, and Daniels Bynum, have passed
a resolution pursuant to Arkansas Code Annotated S14 -94 -126 requesting the City Board dissolve the
District; and
WHEREAS, the three commissioners are owners of a majority in value of the property within the
District.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK,
ARKANSAS:
Section 1. The City of Little Rock Municipal Property Owners' Multipurpose Improvement District No.
21 (Bella Rosa Project) is hereby dissolved.
Section 2. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or
word of this ordinance is declared or adjudged to be invalid or unconstitutional, such declaration or
adjudication shall not affect the remaining portions of the ordinance which shall remain in full force and
effect as if the portion so declared or adjudged to be invalid or unconstitutional was not originally a part of
the ordinance.
Section 3. Repealer. All laws, ordinances, resolutions, or parts of the same that are
inconsistent with the provisions of this ordinance are hereby repealed to the extent of such inconsistency.
Section 4. The Board of Directors hereby determines that there is a need for additional infrastructure
within the City and hereby determines that the passage of this ordinance will facilitate the sale of the
property and construction of additional infrastructure within the City; therefore, an emhereby
CIR
[PAGE 1 OF 3]
Ordinance
To dissolve Improvement District 21 (Bella Rosa Project)
A \� CO
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declared to exist, and this ordinance being necessary for the public health, safety and welfare shall be in
full force and effect from and after its passage and approval.
PASSED: December 2, 2008
ATTEST:
Nan y Wood City Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City A orney
Ordinance
To dissolve Improvement District 21 (Bella Rosa Project)
[PAGE 2 OF 3]
APPROVED•
— W�
Mark Stodola, Mayor